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2022-01-10

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Consumer Price Index, Bank Earnings: What to Know This Week<blockquote>消费者价格指数、银行盈利：本周须知</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":694079060,"tweetId":"694079060","gmtCreate":1641770730996,"gmtModify":1641770731235,"author":{"id":4089028522442560,"idStr":"4089028522442560","authorId":4089028522442560,"authorIdStr":"4089028522442560","name":"JLSE","avatar":"https://static.tigerbbs.com/b2e0c693d513ad9276d36f34b54134c2","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":24,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>👌</body></html>","htmlText":"<html><head></head><body>👌</body></html>","text":"👌","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/694079060","repostId":1108030484,"repostType":4,"repost":{"id":"1108030484","kind":"news","pubTimestamp":1641769386,"share":"https://www.laohunote.com/m/news/1108030484?lang=zh_CN&edition=full","pubTime":"2022-01-10 07:03","market":"us","language":"en","title":"Consumer Price Index, Bank Earnings: What to Know This Week<blockquote>消费者价格指数、银行盈利：本周须知</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108030484","media":"Yahoo Finance","summary":"Inflation data will be in focus this week, with investors set to receive the Bureau of Labor Statist","content":"<html><head></head><body>Inflation data will be in focus this week, with investors set to receive the Bureau of Labor Statistics&#39; (BLS) latest Consumer Price Index (CPI) as the Federal Reserve&#39;s next monetary policy moves remain in focus. Quarterly earnings season also ramps up as some of the big banks report results.<blockquote><html><head></head><body>通胀数据将成为本周的焦点，投资者将收到劳工统计局 (BLS) 最新的消费者价格指数 (CPI)，因为美联储的下一步货币政策举措仍然是焦点。随着一些大银行公布业绩，季度财报季也随之增加。</body></html></blockquote>Market participants are bracing for another historically hot reading on inflation in the latest CPI data, due out on Wednesday. On a year-over-year basis, consumer prices likely surged by 7.1% in December, based on Bloomberg consensus data, accelerating even further from November&#39;s 6.8% year-over-year clip.This would mark the fastest rate since 1982, when CPI rose as much as 8.4% on a year-over-year basis.<blockquote>市场参与者正在为周三公布的最新 CPI 数据中的另一个历史性通胀数据做好准备。根据彭博共识数据，12 月份消费者价格同比可能飙升 7.1%，较 11 月份 6.8% 的同比涨幅进一步加速。这将是自1982年以来最快的涨幅，当时CPI同比上涨8.4%。</blockquote>And on a month-over-month basis, consumer prices likely rose by 0.4% in December, slowing from November&#39;s 0.8% rise but still marking an eighteenth consecutive month of increases.<blockquote>从环比来看，12 月份消费者价格可能上涨 0.4%，较 11 月份 0.8% 的涨幅有所放缓，但仍是连续第 18 个月上涨。</blockquote>&#34;Recent months have seen consistent upside surprises as inflation has increasingly broadened out, and it&#39;s now the case that seven of the last nine CPI releases have seen the monthly headline increase come in above the consensus among economists on Bloomberg, which just demonstrates how this has taken a lot of people by surprise,&#34; Deutsche Bank economists Henry Allen and Jim Reid said in a note.<blockquote>“近几个月来，随着通胀日益扩大，出现了持续的上行意外，现在的情况是，在过去九次发布的 CPI 中，有七次的月度总体涨幅高于彭博社经济学家的共识，这只是表明这让很多人感到惊讶，”德意志银行经济学家亨利·艾伦和吉姆·里德在一份报告中表示。</blockquote>&#34;Our U.S. economists are projecting that year-on-year inflation will move higher once again, with an increase to +7.0%,&#34; they added. &#34;Interestingly though, they think we could be at a turning point with December marking the peak in the year-on-year readings, which they then project will fall back over 2022 and be at +3.0% by this December ahead.&#34;<blockquote>“我们的美国经济学家预计同比通胀率将再次走高，升至+7.0%，”他们补充道。“但有趣的是，他们认为我们可能正处于一个转折点，12 月标志着同比读数的峰值，然后他们预计该读数将在 2022 年回落，到今年 12 月将达到 +3.0%。”</blockquote>Excluding more volatile food and energy prices, consumer prices likely rose at a 5.4% year-over-year rate in December, also speeding from November&#39;s 4.9% pace and coming in at the fastest since 1991.<blockquote>剔除波动较大的食品和能源价格，12 月份消费者价格可能同比上涨 5.4%，也较 11 月份的 4.9% 有所加快，创下 1991 年以来的最快涨幅。</blockquote>While price increases have been broad-based in the recovering economy, some economists said rising vehicle prices will likely be one of the main drivers of inflation at year-end.<blockquote>尽管价格上涨在经济复苏中具有广泛的基础，但一些经济学家表示，汽车价格上涨可能会成为年底通胀的主要驱动因素之一。</blockquote>&#34;The main story will be the increase in autos inflation, with used cars the primary driver,&#34; Bank of America economists led by Ethan Harris wrote in a note Friday. &#34;Manheim data showed wholesale used car prices spiking 9.2% [month-over-month] in October, following a 5.3% increase in September. Given a roughly 2-month lag, this sends a signal of incredible strength for CPI used cars this month.&#34;<blockquote>伊桑·哈里斯 (Ethan Harris) 领导的美国银行经济学家周五在一份报告中写道：“主要情况将是汽车通胀加剧，其中二手车是主要驱动力。”“曼海姆数据显示，继 9 月份上涨 5.3% 之后，10 月份二手车批发价格（环比）飙升 9.2%。考虑到大约 2 个月的滞后，这发出了本月二手车 CPI 令人难以置信的强劲信号。”</blockquote>Used car and truck prices had risen 2.5% month-on-month in November, matching the prior month&#39;s rise, based on BLS data.<blockquote>根据 BLS 数据，11 月份二手车和卡车价格环比上涨 2.5%，与上月涨幅持平。</blockquote>&#34;Outside of autos, we expect further gains in household furnishings and supplies and apparel, reflecting tight supply chains and fewer discounts as the holiday shopping season draws to a close,&#34; Harris added.<blockquote>哈里斯补充道：“除了汽车之外，我们预计家居用品、用品和服装将进一步上涨，这反映出随着假日购物季接近尾声，供应链紧张和折扣减少。”</blockquote>The December CPI will also be carefully parsed by investors as they gauge the next moves by the Federal Reserve, as some officials eye a quicker shift away from accommodative policies to rein in inflation.<blockquote>投资者在评估美联储的下一步行动时，也将仔细分析 12 月份的 CPI，因为一些官员希望更快地放弃宽松政策以控制通胀。</blockquote>Last week, the Fed&#39;s December meeting minutes suggested some officials favored speeding the central bank&#39;s asset-purchase tapering and hastening the timing of an initial interest rate hike from current near-zero levels. And against a backdrop of a &#34;stronger economic outlook [and] higher inflation,&#34; some officials also suggested they were contemplating the start of reducing the nearly $9 trillion in assets on the central bank&#39;s balance sheet. Hints that the Fed was considering tightening policy in the near-term sent equity markets into a tailspin last week.<blockquote>上周，美联储12月会议纪要显示，一些官员赞成加快央行缩减资产购买规模，并加快从目前接近于零的水平首次加息的时间。在“经济前景走强和通胀上升”的背景下，一些官员还表示，他们正在考虑开始减少央行资产负债表上近9万亿美元的资产。美联储正在考虑在短期内收紧政策的暗示上周导致股市陷入混乱。</blockquote>&#34;The market does have to adjust to what is a surprise in terms of how aggressive the Federal Reserve may be in managing the economy around inflation,&#34; Rob Haworth, U.S. Bank Wealth Management senior investment strategist,told Yahoo Finance Livelast week.<blockquote>美国银行财富管理高级投资策略师罗布·霍沃斯 (Rob Haworth) 上周对雅虎财经 Livelast 表示：“美联储围绕通胀管理经济的积极程度确实令人惊讶。”</blockquote>Investors may also receive more commentary about how key members of the Federal Reserve expect to approach inflation with their monetary policy toolkit in two confirmation hearings before Congress this week. Federal Reserve Chair Jerome Powell&#39;s nomination hearing for a second term is set to take place before the Senate Banking Committee on Tuesday — or a day before the December CPI is released. However, Fed Governor Lael Brainard&#39;s nomination hearing to become vice chair of the Fed will take place on Thursday before the Senate Banking Committee, after the release of the latest inflation data.<blockquote>投资者还可能会在本周国会举行的两次确认听证会上收到更多关于美联储主要成员预计如何利用其货币政策工具包应对通胀的评论。美联储主席杰罗姆·鲍威尔的连任提名听证会定于周二在参议院银行委员会举行，也就是 12 月份 CPI 发布的前一天。然而，在最新通胀数据公布后，美联储理事莱尔·布雷纳德 (Lael Brainard) 出任美联储副主席的提名听证会将于周四在参议院银行委员会举行。</blockquote>Bank earnings<blockquote>银行盈利</blockquote>This week, investors will also see a pick-up in earnings reports, as some of the largest U.S. banks deliver their quarterly results at the end of the week. JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) are each slated to report Friday morning before the opening bell.<blockquote>本周，投资者还将看到收益报告的回升，因为一些美国最大的银行将在本周末公布季度业绩。摩根大通 (JPM)、花旗集团 (C) 和富国银行 (WFC) 均定于周五上午开盘前发布报告。</blockquote>The results come following a strong run for bank stocks, with financials currently the second-best performing sector in the S&amp;P 500 in 2022, after energy. TheXLF, or exchange-traded fund tracking the financials sector, hit a record high on Friday and logged its best week since February 2021.<blockquote>这一结果是在银行股强劲上涨之后公布的，金融业目前是 2022 年标普500表现第二好的行业，仅次于能源。追踪金融行业的交易所交易基金 TheXLF 周五创下历史新高，并创下 2021 年 2 月以来的最佳一周表现。</blockquote>Expectations for higher interest rates this year have been one major factor lifting these shares, given that banks&#39; core lending businesses benefit from rising rates. On Friday, the benchmark 10-year Treasury yield rose to approximately 1.8%, or its highest level since January 2020. And robust market activity over the past year likely also helped further lift banks&#39; trading operations.<blockquote>鉴于银行的核心贷款业务受益于利率上升，今年利率上升的预期是提振这些股票的主要因素之一。周五，基准10年期国债收益率升至1.8%左右，为2020年1月以来的最高水平。过去一年强劲的市场活动也可能有助于进一步提振银行的交易业务。</blockquote>&#34;As far as the financials go, we think they&#39;re going to be pretty good. This last year has seen a lot of trading activity,&#34; Scott Ladner, Horizon Investments chief investment officer,told Yahoo Finance Live on Friday.&#34;And as we&#39;ve seen, what&#39;s going on right now with respect to yield curve, the yield curve steepened this week.&#34;<blockquote>Horizon Investments 首席投资官斯科特·拉德纳 (Scott Ladner) 周五对雅虎财经直播表示：“就财务状况而言，我们认为情况会相当不错。去年交易活动很多。”正如我们所看到的，就收益率曲线而言，本周收益率曲线急剧上升。”</blockquote>As fourth-quarter earnings begin to ramp up, many analysts are expecting to see another solid reporting season. However, the estimates are also taking into account slowing momentum after soaring earnings growth rates from earlier last year, helped in large part by easy comparisons to 2020&#39;s pandemic-depressed levels.<blockquote>随着第四季度盈利开始增长，许多分析师预计将看到另一个稳健的财报季。然而，这些预测也考虑到了去年初盈利增长率飙升后增长势头放缓的因素，这在很大程度上得益于与 2020 年大流行低迷水平的轻松比较。</blockquote>S&amp;P 500 earnings in aggregate are expected to grow 21.7% for the fourth-quarter of 2021, according to data from FactSet&#39;s John Butters as of Friday. If earnings come in as expected, this would mark a fourth consecutive quarter that earnings growth tops 20%.<blockquote>FactSet 的 John Butters 截至周五的数据显示，标普500 2021 年第四季度总盈利预计将增长 21.7%。如果盈利如预期，这将标志着盈利连续第四个季度超过 20%。</blockquote>Economic calendar<blockquote>经济日历</blockquote><ul><li>Monday:Wholesale inventories, month-over-month, November final (1.2% expected, 1.2% in previous print)<blockquote><ul><li>星期一：批发库存，环比，11 月份最终库存（预期 1.2%，前一印刷为 1.2%）</li></ul></blockquote></li><li>Tuesday:NFIB Small Business Optimism, December (98.5 expected, 98.4 in November)<blockquote><li>星期二：NFIB 小企业乐观情绪，12 月（预期 98.5，11 月 98.4）</li></blockquote></li><li>Wednesday:MBA Mortgage Applications, week ended January 7 (-5.6% during prior week); Consumer Price Index (CPI), month-over-month, December (0.4% expected, 0.8% in November); CPI excluding food and energy, month-over-month, December (0.5% expected, 0.5% in November); CPI year-over-year, December (7.1% expected, 6.8% in November); CPI excluding food and energy, year-over-year, December (5.4% expected, 4.9% in November); Monthly budget statement, December (-$191.3 billion expected); U.S. Federal Reserve Releases Beige Book<blockquote><li>星期三：MBA 抵押贷款申请，截至 1 月 7 日当周（前一周-5.6%）；12月消费者价格指数（CPI）环比（预期0.4%，11月0.8%）；12 月不包括食品和能源的 CPI 环比（预期为 0.5%，11 月为 0.5%）；12月CPI同比（预期7.1%，11月6.8%）；12 月不包括食品和能源的 CPI 同比（预期为 5.4%，11 月为 4.9%）；12月月度预算声明（预计-1,913亿美元）；美联储发布褐皮书</li></blockquote></li><li>Thursday:Producer Price Index (PPI), month-over-month, December (0.4% expected, 0.8% in November); PPI excluding food and energy, month-over-month, December (0.4% expected, 0.7% in November); PPI year-over-year, December (9.8% expected, 9.6% in November); PPI excluding food and energy, year-over-year, December (8.0% expected, 7.7% in November); Initial jobless claims, week ended January 8 (210,000 expected, 207,000 during prior week); Continuing claims, week ended January 1 (1.754 million during prior week)<blockquote><li>星期四：12月生产者价格指数（PPI）环比（预期0.4%，11月0.8%）；12月不包括食品和能源的PPI环比（预期0.4%，11月0.7%）；12月PPI同比（预期9.8%，11月9.6%）；12月不包括食品和能源的PPI同比（预期8.0%，11月7.7%）；截至 1 月 8 日当周首次申请失业救济人数（预计为 210,000 人，前一周为 207,000 人）；截至 1 月 1 日当周的持续索赔（前一周为 175.4 万件）</li></blockquote></li><li>Friday:Retail sales advance, month-over-month, December (0.0% expected, 0.3% in November); Retail sales excluding autos and gas, month-over-month, December (-0.1% expected, 0.2% in November); Import price index, month-over-month, December (0.2%. expected, 0.7% in November); Capacity utilization, December (77.0% expected); Industrial production, month-over-month, December (0.3% expected, 0.5% in November); University of Michigan sentiment, January preliminary (70.0 expected, 70.6 in December)<blockquote><li>星期五：12 月零售额环比增长（预期 0.0%，11 月为 0.3%）；12 月零售额（不包括汽车和天然气）环比（预期-0.1%，11 月为 0.2%）；进口价格指数，环比，12月（0.2%。预期，11月0.7%）；12 月产能利用率（预期 77.0%）；12月工业生产环比（预期0.3%，11月0.5%）；密歇根大学情绪，1 月初步（预期 70.0，12 月 70.6）</li></blockquote></li></ul>Earnings calendar<blockquote>收益日历</blockquote><ul><li>Monday:No notable reports scheduled for release<blockquote><ul><li>星期一：没有计划发布的重要报告</li></ul></blockquote></li><li>Tuesday:No notable reports scheduled for release<blockquote><li>星期二：没有计划发布的重要报告</li></blockquote></li><li>Wednesday:Jefferies Financial Corp. (JEF) before market open<blockquote><li>星期三：杰富瑞金融公司 (JEF) 开市前</li></blockquote></li><li>Thursday:Delta Air Lines (DAL) before market open<blockquote><li>星期四：达美航空 (DAL) 开市前</li></blockquote></li><li>Friday:BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) before market open<blockquote><li>星期五：贝莱德 (BLK)、花旗集团 (C)、摩根大通 (JPM)、富国银行 (WFC) 开盘前</li></blockquote></li></ul></body></html><blockquote></blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Consumer Price Index, Bank Earnings: What to Know This Week<blockquote>消费者价格指数、银行盈利：本周须知</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConsumer Price Index, Bank Earnings: What to Know This Week<blockquote>消费者价格指数、银行盈利：本周须知</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nYahoo Finance2022-01-10 07:03\n\n</h4>\n</header>\n<article>\n<html><head></head><body>Inflation data will be in focus this week, with investors set to receive the Bureau of Labor Statistics&#39; (BLS) latest Consumer Price Index (CPI) as the Federal Reserve&#39;s next monetary policy moves remain in focus. Quarterly earnings season also ramps up as some of the big banks report results.<blockquote><html><head></head><body>通胀数据将成为本周的焦点，投资者将收到劳工统计局 (BLS) 最新的消费者价格指数 (CPI)，因为美联储的下一步货币政策举措仍然是焦点。随着一些大银行公布业绩，季度财报季也随之增加。</body></html></blockquote>Market participants are bracing for another historically hot reading on inflation in the latest CPI data, due out on Wednesday. On a year-over-year basis, consumer prices likely surged by 7.1% in December, based on Bloomberg consensus data, accelerating even further from November&#39;s 6.8% year-over-year clip.This would mark the fastest rate since 1982, when CPI rose as much as 8.4% on a year-over-year basis.<blockquote>市场参与者正在为周三公布的最新 CPI 数据中的另一个历史性通胀数据做好准备。根据彭博共识数据，12 月份消费者价格同比可能飙升 7.1%，较 11 月份 6.8% 的同比涨幅进一步加速。这将是自1982年以来最快的涨幅，当时CPI同比上涨8.4%。</blockquote>And on a month-over-month basis, consumer prices likely rose by 0.4% in December, slowing from November&#39;s 0.8% rise but still marking an eighteenth consecutive month of increases.<blockquote>从环比来看，12 月份消费者价格可能上涨 0.4%，较 11 月份 0.8% 的涨幅有所放缓，但仍是连续第 18 个月上涨。</blockquote>&#34;Recent months have seen consistent upside surprises as inflation has increasingly broadened out, and it&#39;s now the case that seven of the last nine CPI releases have seen the monthly headline increase come in above the consensus among economists on Bloomberg, which just demonstrates how this has taken a lot of people by surprise,&#34; Deutsche Bank economists Henry Allen and Jim Reid said in a note.<blockquote>“近几个月来，随着通胀日益扩大，出现了持续的上行意外，现在的情况是，在过去九次发布的 CPI 中，有七次的月度总体涨幅高于彭博社经济学家的共识，这只是表明这让很多人感到惊讶，”德意志银行经济学家亨利·艾伦和吉姆·里德在一份报告中表示。</blockquote>&#34;Our U.S. economists are projecting that year-on-year inflation will move higher once again, with an increase to +7.0%,&#34; they added. &#34;Interestingly though, they think we could be at a turning point with December marking the peak in the year-on-year readings, which they then project will fall back over 2022 and be at +3.0% by this December ahead.&#34;<blockquote>“我们的美国经济学家预计同比通胀率将再次走高，升至+7.0%，”他们补充道。“但有趣的是，他们认为我们可能正处于一个转折点，12 月标志着同比读数的峰值，然后他们预计该读数将在 2022 年回落，到今年 12 月将达到 +3.0%。”</blockquote>Excluding more volatile food and energy prices, consumer prices likely rose at a 5.4% year-over-year rate in December, also speeding from November&#39;s 4.9% pace and coming in at the fastest since 1991.<blockquote>剔除波动较大的食品和能源价格，12 月份消费者价格可能同比上涨 5.4%，也较 11 月份的 4.9% 有所加快，创下 1991 年以来的最快涨幅。</blockquote>While price increases have been broad-based in the recovering economy, some economists said rising vehicle prices will likely be one of the main drivers of inflation at year-end.<blockquote>尽管价格上涨在经济复苏中具有广泛的基础，但一些经济学家表示，汽车价格上涨可能会成为年底通胀的主要驱动因素之一。</blockquote>&#34;The main story will be the increase in autos inflation, with used cars the primary driver,&#34; Bank of America economists led by Ethan Harris wrote in a note Friday. &#34;Manheim data showed wholesale used car prices spiking 9.2% [month-over-month] in October, following a 5.3% increase in September. Given a roughly 2-month lag, this sends a signal of incredible strength for CPI used cars this month.&#34;<blockquote>伊桑·哈里斯 (Ethan Harris) 领导的美国银行经济学家周五在一份报告中写道：“主要情况将是汽车通胀加剧，其中二手车是主要驱动力。”“曼海姆数据显示，继 9 月份上涨 5.3% 之后，10 月份二手车批发价格（环比）飙升 9.2%。考虑到大约 2 个月的滞后，这发出了本月二手车 CPI 令人难以置信的强劲信号。”</blockquote>Used car and truck prices had risen 2.5% month-on-month in November, matching the prior month&#39;s rise, based on BLS data.<blockquote>根据 BLS 数据，11 月份二手车和卡车价格环比上涨 2.5%，与上月涨幅持平。</blockquote>&#34;Outside of autos, we expect further gains in household furnishings and supplies and apparel, reflecting tight supply chains and fewer discounts as the holiday shopping season draws to a close,&#34; Harris added.<blockquote>哈里斯补充道：“除了汽车之外，我们预计家居用品、用品和服装将进一步上涨，这反映出随着假日购物季接近尾声，供应链紧张和折扣减少。”</blockquote>The December CPI will also be carefully parsed by investors as they gauge the next moves by the Federal Reserve, as some officials eye a quicker shift away from accommodative policies to rein in inflation.<blockquote>投资者在评估美联储的下一步行动时，也将仔细分析 12 月份的 CPI，因为一些官员希望更快地放弃宽松政策以控制通胀。</blockquote>Last week, the Fed&#39;s December meeting minutes suggested some officials favored speeding the central bank&#39;s asset-purchase tapering and hastening the timing of an initial interest rate hike from current near-zero levels. And against a backdrop of a &#34;stronger economic outlook [and] higher inflation,&#34; some officials also suggested they were contemplating the start of reducing the nearly $9 trillion in assets on the central bank&#39;s balance sheet. Hints that the Fed was considering tightening policy in the near-term sent equity markets into a tailspin last week.<blockquote>上周，美联储12月会议纪要显示，一些官员赞成加快央行缩减资产购买规模，并加快从目前接近于零的水平首次加息的时间。在“经济前景走强和通胀上升”的背景下，一些官员还表示，他们正在考虑开始减少央行资产负债表上近9万亿美元的资产。美联储正在考虑在短期内收紧政策的暗示上周导致股市陷入混乱。</blockquote>&#34;The market does have to adjust to what is a surprise in terms of how aggressive the Federal Reserve may be in managing the economy around inflation,&#34; Rob Haworth, U.S. Bank Wealth Management senior investment strategist,told Yahoo Finance Livelast week.<blockquote>美国银行财富管理高级投资策略师罗布·霍沃斯 (Rob Haworth) 上周对雅虎财经 Livelast 表示：“美联储围绕通胀管理经济的积极程度确实令人惊讶。”</blockquote>Investors may also receive more commentary about how key members of the Federal Reserve expect to approach inflation with their monetary policy toolkit in two confirmation hearings before Congress this week. Federal Reserve Chair Jerome Powell&#39;s nomination hearing for a second term is set to take place before the Senate Banking Committee on Tuesday — or a day before the December CPI is released. However, Fed Governor Lael Brainard&#39;s nomination hearing to become vice chair of the Fed will take place on Thursday before the Senate Banking Committee, after the release of the latest inflation data.<blockquote>投资者还可能会在本周国会举行的两次确认听证会上收到更多关于美联储主要成员预计如何利用其货币政策工具包应对通胀的评论。美联储主席杰罗姆·鲍威尔的连任提名听证会定于周二在参议院银行委员会举行，也就是 12 月份 CPI 发布的前一天。然而，在最新通胀数据公布后，美联储理事莱尔·布雷纳德 (Lael Brainard) 出任美联储副主席的提名听证会将于周四在参议院银行委员会举行。</blockquote>Bank earnings<blockquote>银行盈利</blockquote>This week, investors will also see a pick-up in earnings reports, as some of the largest U.S. banks deliver their quarterly results at the end of the week. JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) are each slated to report Friday morning before the opening bell.<blockquote>本周，投资者还将看到收益报告的回升，因为一些美国最大的银行将在本周末公布季度业绩。摩根大通 (JPM)、花旗集团 (C) 和富国银行 (WFC) 均定于周五上午开盘前发布报告。</blockquote>The results come following a strong run for bank stocks, with financials currently the second-best performing sector in the S&amp;P 500 in 2022, after energy. TheXLF, or exchange-traded fund tracking the financials sector, hit a record high on Friday and logged its best week since February 2021.<blockquote>这一结果是在银行股强劲上涨之后公布的，金融业目前是 2022 年标普500表现第二好的行业，仅次于能源。追踪金融行业的交易所交易基金 TheXLF 周五创下历史新高，并创下 2021 年 2 月以来的最佳一周表现。</blockquote>Expectations for higher interest rates this year have been one major factor lifting these shares, given that banks&#39; core lending businesses benefit from rising rates. On Friday, the benchmark 10-year Treasury yield rose to approximately 1.8%, or its highest level since January 2020. And robust market activity over the past year likely also helped further lift banks&#39; trading operations.<blockquote>鉴于银行的核心贷款业务受益于利率上升，今年利率上升的预期是提振这些股票的主要因素之一。周五，基准10年期国债收益率升至1.8%左右，为2020年1月以来的最高水平。过去一年强劲的市场活动也可能有助于进一步提振银行的交易业务。</blockquote>&#34;As far as the financials go, we think they&#39;re going to be pretty good. This last year has seen a lot of trading activity,&#34; Scott Ladner, Horizon Investments chief investment officer,told Yahoo Finance Live on Friday.&#34;And as we&#39;ve seen, what&#39;s going on right now with respect to yield curve, the yield curve steepened this week.&#34;<blockquote>Horizon Investments 首席投资官斯科特·拉德纳 (Scott Ladner) 周五对雅虎财经直播表示：“就财务状况而言，我们认为情况会相当不错。去年交易活动很多。”正如我们所看到的，就收益率曲线而言，本周收益率曲线急剧上升。”</blockquote>As fourth-quarter earnings begin to ramp up, many analysts are expecting to see another solid reporting season. However, the estimates are also taking into account slowing momentum after soaring earnings growth rates from earlier last year, helped in large part by easy comparisons to 2020&#39;s pandemic-depressed levels.<blockquote>随着第四季度盈利开始增长，许多分析师预计将看到另一个稳健的财报季。然而，这些预测也考虑到了去年初盈利增长率飙升后增长势头放缓的因素，这在很大程度上得益于与 2020 年大流行低迷水平的轻松比较。</blockquote>S&amp;P 500 earnings in aggregate are expected to grow 21.7% for the fourth-quarter of 2021, according to data from FactSet&#39;s John Butters as of Friday. If earnings come in as expected, this would mark a fourth consecutive quarter that earnings growth tops 20%.<blockquote>FactSet 的 John Butters 截至周五的数据显示，标普500 2021 年第四季度总盈利预计将增长 21.7%。如果盈利如预期，这将标志着盈利连续第四个季度超过 20%。</blockquote>Economic calendar<blockquote>经济日历</blockquote><ul><li>Monday:Wholesale inventories, month-over-month, November final (1.2% expected, 1.2% in previous print)<blockquote><ul><li>星期一：批发库存，环比，11 月份最终库存（预期 1.2%，前一印刷为 1.2%）</li></ul></blockquote></li><li>Tuesday:NFIB Small Business Optimism, December (98.5 expected, 98.4 in November)<blockquote><li>星期二：NFIB 小企业乐观情绪，12 月（预期 98.5，11 月 98.4）</li></blockquote></li><li>Wednesday:MBA Mortgage Applications, week ended January 7 (-5.6% during prior week); Consumer Price Index (CPI), month-over-month, December (0.4% expected, 0.8% in November); CPI excluding food and energy, month-over-month, December (0.5% expected, 0.5% in November); CPI year-over-year, December (7.1% expected, 6.8% in November); CPI excluding food and energy, year-over-year, December (5.4% expected, 4.9% in November); Monthly budget statement, December (-$191.3 billion expected); U.S. Federal Reserve Releases Beige Book<blockquote><li>星期三：MBA 抵押贷款申请，截至 1 月 7 日当周（前一周-5.6%）；12月消费者价格指数（CPI）环比（预期0.4%，11月0.8%）；12 月不包括食品和能源的 CPI 环比（预期为 0.5%，11 月为 0.5%）；12月CPI同比（预期7.1%，11月6.8%）；12 月不包括食品和能源的 CPI 同比（预期为 5.4%，11 月为 4.9%）；12月月度预算声明（预计-1,913亿美元）；美联储发布褐皮书</li></blockquote></li><li>Thursday:Producer Price Index (PPI), month-over-month, December (0.4% expected, 0.8% in November); PPI excluding food and energy, month-over-month, December (0.4% expected, 0.7% in November); PPI year-over-year, December (9.8% expected, 9.6% in November); PPI excluding food and energy, year-over-year, December (8.0% expected, 7.7% in November); Initial jobless claims, week ended January 8 (210,000 expected, 207,000 during prior week); Continuing claims, week ended January 1 (1.754 million during prior week)<blockquote><li>星期四：12月生产者价格指数（PPI）环比（预期0.4%，11月0.8%）；12月不包括食品和能源的PPI环比（预期0.4%，11月0.7%）；12月PPI同比（预期9.8%，11月9.6%）；12月不包括食品和能源的PPI同比（预期8.0%，11月7.7%）；截至 1 月 8 日当周首次申请失业救济人数（预计为 210,000 人，前一周为 207,000 人）；截至 1 月 1 日当周的持续索赔（前一周为 175.4 万件）</li></blockquote></li><li>Friday:Retail sales advance, month-over-month, December (0.0% expected, 0.3% in November); Retail sales excluding autos and gas, month-over-month, December (-0.1% expected, 0.2% in November); Import price index, month-over-month, December (0.2%. expected, 0.7% in November); Capacity utilization, December (77.0% expected); Industrial production, month-over-month, December (0.3% expected, 0.5% in November); University of Michigan sentiment, January preliminary (70.0 expected, 70.6 in December)<blockquote><li>星期五：12 月零售额环比增长（预期 0.0%，11 月为 0.3%）；12 月零售额（不包括汽车和天然气）环比（预期-0.1%，11 月为 0.2%）；进口价格指数，环比，12月（0.2%。预期，11月0.7%）；12 月产能利用率（预期 77.0%）；12月工业生产环比（预期0.3%，11月0.5%）；密歇根大学情绪，1 月初步（预期 70.0，12 月 70.6）</li></blockquote></li></ul>Earnings calendar<blockquote>收益日历</blockquote><ul><li>Monday:No notable reports scheduled for release<blockquote><ul><li>星期一：没有计划发布的重要报告</li></ul></blockquote></li><li>Tuesday:No notable reports scheduled for release<blockquote><li>星期二：没有计划发布的重要报告</li></blockquote></li><li>Wednesday:Jefferies Financial Corp. (JEF) before market open<blockquote><li>星期三：杰富瑞金融公司 (JEF) 开市前</li></blockquote></li><li>Thursday:Delta Air Lines (DAL) before market open<blockquote><li>星期四：达美航空 (DAL) 开市前</li></blockquote></li><li>Friday:BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) before market open<blockquote><li>星期五：贝莱德 (BLK)、花旗集团 (C)、摩根大通 (JPM)、富国银行 (WFC) 开盘前</li></blockquote></li></ul></body></html><blockquote></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://finance.yahoo.com/news/consumer-price-index-bank-earnings-what-to-know-this-week-164559716.html\">Yahoo Finance</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/consumer-price-index-bank-earnings-what-to-know-this-week-164559716.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108030484","content_text":"Inflation data will be in focus this week, with investors set to receive the Bureau of Labor Statistics' (BLS) latest Consumer Price Index (CPI) as the Federal Reserve's next monetary policy moves remain in focus. Quarterly earnings season also ramps up as some of the big banks report results.Market participants are bracing for another historically hot reading on inflation in the latest CPI data, due out on Wednesday. On a year-over-year basis, consumer prices likely surged by 7.1% in December, based on Bloomberg consensus data, accelerating even further from November's 6.8% year-over-year clip.This would mark the fastest rate since 1982, when CPI rose as much as 8.4% on a year-over-year basis.And on a month-over-month basis, consumer prices likely rose by 0.4% in December, slowing from November's 0.8% rise but still marking an eighteenth consecutive month of increases.\"Recent months have seen consistent upside surprises as inflation has increasingly broadened out, and it's now the case that seven of the last nine CPI releases have seen the monthly headline increase come in above the consensus among economists on Bloomberg, which just demonstrates how this has taken a lot of people by surprise,\" Deutsche Bank economists Henry Allen and Jim Reid said in a note.\"Our U.S. economists are projecting that year-on-year inflation will move higher once again, with an increase to +7.0%,\" they added. \"Interestingly though, they think we could be at a turning point with December marking the peak in the year-on-year readings, which they then project will fall back over 2022 and be at +3.0% by this December ahead.\"Excluding more volatile food and energy prices, consumer prices likely rose at a 5.4% year-over-year rate in December, also speeding from November's 4.9% pace and coming in at the fastest since 1991.While price increases have been broad-based in the recovering economy, some economists said rising vehicle prices will likely be one of the main drivers of inflation at year-end.\"The main story will be the increase in autos inflation, with used cars the primary driver,\" Bank of America economists led by Ethan Harris wrote in a note Friday. \"Manheim data showed wholesale used car prices spiking 9.2% [month-over-month] in October, following a 5.3% increase in September. Given a roughly 2-month lag, this sends a signal of incredible strength for CPI used cars this month.\"Used car and truck prices had risen 2.5% month-on-month in November, matching the prior month's rise, based on BLS data.\"Outside of autos, we expect further gains in household furnishings and supplies and apparel, reflecting tight supply chains and fewer discounts as the holiday shopping season draws to a close,\" Harris added.The December CPI will also be carefully parsed by investors as they gauge the next moves by the Federal Reserve, as some officials eye a quicker shift away from accommodative policies to rein in inflation.Last week, the Fed's December meeting minutes suggested some officials favored speeding the central bank's asset-purchase tapering and hastening the timing of an initial interest rate hike from current near-zero levels. And against a backdrop of a \"stronger economic outlook [and] higher inflation,\" some officials also suggested they were contemplating the start of reducing the nearly $9 trillion in assets on the central bank's balance sheet. Hints that the Fed was considering tightening policy in the near-term sent equity markets into a tailspin last week.\"The market does have to adjust to what is a surprise in terms of how aggressive the Federal Reserve may be in managing the economy around inflation,\" Rob Haworth, U.S. Bank Wealth Management senior investment strategist,told Yahoo Finance Livelast week.Investors may also receive more commentary about how key members of the Federal Reserve expect to approach inflation with their monetary policy toolkit in two confirmation hearings before Congress this week. Federal Reserve Chair Jerome Powell's nomination hearing for a second term is set to take place before the Senate Banking Committee on Tuesday — or a day before the December CPI is released. However, Fed Governor Lael Brainard's nomination hearing to become vice chair of the Fed will take place on Thursday before the Senate Banking Committee, after the release of the latest inflation data.Bank earningsThis week, investors will also see a pick-up in earnings reports, as some of the largest U.S. banks deliver their quarterly results at the end of the week. JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) are each slated to report Friday morning before the opening bell.The results come following a strong run for bank stocks, with financials currently the second-best performing sector in the S&P 500 in 2022, after energy. TheXLF, or exchange-traded fund tracking the financials sector, hit a record high on Friday and logged its best week since February 2021.Expectations for higher interest rates this year have been one major factor lifting these shares, given that banks' core lending businesses benefit from rising rates. On Friday, the benchmark 10-year Treasury yield rose to approximately 1.8%, or its highest level since January 2020. And robust market activity over the past year likely also helped further lift banks' trading operations.\"As far as the financials go, we think they're going to be pretty good. This last year has seen a lot of trading activity,\" Scott Ladner, Horizon Investments chief investment officer,told Yahoo Finance Live on Friday.\"And as we've seen, what's going on right now with respect to yield curve, the yield curve steepened this week.\"As fourth-quarter earnings begin to ramp up, many analysts are expecting to see another solid reporting season. However, the estimates are also taking into account slowing momentum after soaring earnings growth rates from earlier last year, helped in large part by easy comparisons to 2020's pandemic-depressed levels.S&P 500 earnings in aggregate are expected to grow 21.7% for the fourth-quarter of 2021, according to data from FactSet's John Butters as of Friday. If earnings come in as expected, this would mark a fourth consecutive quarter that earnings growth tops 20%.Economic calendarMonday:Wholesale inventories, month-over-month, November final (1.2% expected, 1.2% in previous print)Tuesday:NFIB Small Business Optimism, December (98.5 expected, 98.4 in November)Wednesday:MBA Mortgage Applications, week ended January 7 (-5.6% during prior week); Consumer Price Index (CPI), month-over-month, December (0.4% expected, 0.8% in November); CPI excluding food and energy, month-over-month, December (0.5% expected, 0.5% in November); CPI year-over-year, December (7.1% expected, 6.8% in November); CPI excluding food and energy, year-over-year, December (5.4% expected, 4.9% in November); Monthly budget statement, December (-$191.3 billion expected); U.S. Federal Reserve Releases Beige BookThursday:Producer Price Index (PPI), month-over-month, December (0.4% expected, 0.8% in November); PPI excluding food and energy, month-over-month, December (0.4% expected, 0.7% in November); PPI year-over-year, December (9.8% expected, 9.6% in November); PPI excluding food and energy, year-over-year, December (8.0% expected, 7.7% in November); Initial jobless claims, week ended January 8 (210,000 expected, 207,000 during prior week); Continuing claims, week ended January 1 (1.754 million during prior week)Friday:Retail sales advance, month-over-month, December (0.0% expected, 0.3% in November); Retail sales excluding autos and gas, month-over-month, December (-0.1% expected, 0.2% in November); Import price index, month-over-month, December (0.2%. expected, 0.7% in November); Capacity utilization, December (77.0% expected); Industrial production, month-over-month, December (0.3% expected, 0.5% in November); University of Michigan sentiment, January preliminary (70.0 expected, 70.6 in December)Earnings calendarMonday:No notable reports scheduled for releaseTuesday:No notable reports scheduled for releaseWednesday:Jefferies Financial Corp. (JEF) before market openThursday:Delta Air Lines (DAL) before market openFriday:BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC) before market open","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1234,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/694079060"}